Word: kubitscheks
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...Board and its Water and Power Board. Said the mission's chief, Under Secretary of Industry Raul On-darts: "We urgently need machinery and capital goods. We do not care where they come from." In Brazil, top government officials re-examined their anti-Red-trade policies; President Juscelino Kubitschek said he knew "what dangers negotiations can lead to," but pointed out that Soviet-bloc countries "offer economic prospects that deserve to be studied...
...Warning. Snorted Rio's respected Correio da Manhã: "The title of President Kubitschek should be changed to Pharaoh of Brasilia." Cried onetime Finance Minister Eugenio Gudin: "A crime! Those factors of production wasted on the dream of a new capital will be missed...
...Dream. The dream of a new capital to replace old Rio precedes Brazil's independence from Portugal in 1822. But it is uniquely Kubitschek's accomplishment, for until he set up the government-owned Novacap corporation to do the job. Brasilia was all talk. "We must occupy our country, march to the west, turn our backs to the sea, and stop staring fixedly at the ocean-as if thinking of departing," says Kubitschek...
...While Kubitschek spent for its future greatness, Brazil suffered. The treasury deficit rose $240 million in the first eight months of the year. The cruzeiro hit a low of 96.5 to the dollar last month; living costs rose 20% yearly...
Brasilia's advocates acknowledge the immediacy of the criticism, reply that in the long run the future capital will have an opposite effect; i.e., by focusing Brazil's attention and energy on its vast, unexploited interior, the city will enrich the nation. Says President Kubitschek: "The hour has come-the start of a new era for our country...